Finance Minister Muhammad Aurangzeb announced Pakistan’s intent to engage with the IMF for a substantial and extended program to stabilize the economy. He emphasized the need for macroeconomic stability to address inflation gradually. Aurangzeb hinted at a possible reduction in the policy rate but affirmed the autonomy of the State Bank of Pakistan in this…
Two separate incidents of gas explosions have occurred in Pakistan, resulting in casualties and injuries. In Quetta, a tragic incident in a house led to the death of three people, including two children, due to a gas leak. Two others were injured in the mishap. Another explosion happened in the residential quarters of Karachi Central…
Bitcoin surged to a record high above $72,000 on Monday, with its value rising 4.4% to $72,649. This surge is driven by increased investment in new bitcoin exchange-traded funds and expectations of a Federal Reserve interest rate cut. Analysts at Bitfinex note the strength of Bitcoin’s surge and its continued demand. Despite a slowdown in…
Asif Ali Zardari became Pakistan’s 14th president. People wondered who would be the first lady. During his swearing-in ceremony, his daughter Aseefa Bhutto Zardari stood by his side. This was significant because Zardari’s wife, Benazir Bhutto, had passed away in 2007. Since then, he hadn’t remarried, leaving the position of first lady empty during his…
Asif Ali Zardari, co-chairman of the PPP, won the presidency by a large margin and will be sworn in today at 4pm in Islamabad. Chief Justice Qazi Faez Isa will administer the oath. The ceremony will be attended by PM Shehbaz Sharif, service chiefs, governors, chief ministers, and foreign diplomats. Zardari secured 411 votes from…
On International Women’s Day, let’s honor Pakistani women for their vital role in the nation’s progress. From politics to law, sports to arts, they’ve shattered barriers. Fatima Jinnah, Benazir Bhutto, and Maryam Nawaz are political trailblazers. In law, Justice Ayesha Malik and Asma Jahangir stand out. Lt Gen Nigar Johar Khan and ASP Syeda Shehrbano…
Shehbaz Sharif, the president of the Pakistan Muslim League-Nawaz (PML-N), is all set to become the 24th Prime Minister of Pakistan today, Monday. The oath-taking ceremony will be conducted by President Dr. Arif Alvi at 3 pm, held at the President’s residence. Key dignitaries including Chief of Army Staff General Asim Munir, outgoing Prime Minister…
In the last 48 hours, heavy rains in KP resulted in the loss of at least 27 lives, with 38 people injured, as confirmed by the Provincial Disaster Management Authority (PDMA). Damage assessment revealed 33 houses completely destroyed and 129 partially damaged. Responding to the crisis, the Chief Minister instructed immediate relief efforts, including providing…
Shehbaz Sharif clinched 201 votes while his rival Omar Ayub Khan got 92 votes in the session chaired by National Assembly Speaker Sardar Ayaz Sadiq. PML-N’s Jam Kamal took oath first. SIC members protested, holding PTI founder’s pictures. Shehbaz Sharif had support from PPP, MQM-P, and IPP. Swearing-in is set for March 4 at 3…
The Cabinet Committee on Energy (CCoE) has authorized the construction of an 80-kilometer segment of the Iran-Pakistan (IP) gas pipeline within Pakistan. This portion, stretching from the border to Gwadar, constitutes the project’s initial phase. Inter State Gas Systems (Pvt) Ltd. will oversee the implementation, with funding secured through the Gas Infrastructure Development Cess (GIDC)….
